Satellogic Inc. (NASDAQ:SATL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Satellogic Inc. (NASDAQ:SATL) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $9.10.

SATL has been the topic of several recent analyst reports. Cantor Fitzgerald reissued an “overweight” rating on shares of Satellogic in a research note on Monday, June 15th. Weiss Ratings raised shares of Satellogic from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 13th. Citigroup reissued an “outperform” rating on shares of Satellogic in a research note on Wednesday, May 13th. Loop Capital set a $4.50 price target on shares of Satellogic in a research note on Wednesday, March 11th. Finally, Freedom Capital lowered shares of Satellogic from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th.

Satellogic Trading Down 9.1%

SATL stock opened at $4.58 on Friday. The company’s 50-day simple moving average is $7.55 and its 200-day simple moving average is $5.04. The company has a quick ratio of 2.41, a current ratio of 2.44 and a debt-to-equity ratio of 0.93. Satellogic has a 52-week low of $1.25 and a 52-week high of $12.00. The firm has a market cap of $678.94 million, a P/E ratio of -6.11 and a beta of 1.19.

Satellogic (NASDAQ:SATL) last posted its earnings results on Tuesday, March 31st. The company reported ($0.84) earnings per share (EPS) for the quarter. Satellogic had a negative return on equity of 100.03% and a negative net margin of 443.06%.The firm had revenue of $6.11 million for the quarter. As a group, equities analysts forecast that Satellogic will post -0.11 EPS for the current fiscal year.

Insider Transactions at Satellogic

In related news, Director Liberty 77 Capital L.P. sold 10,000,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $9.77, for a total value of $97,700,000.00. Following the transaction, the director directly owned 10,000,000 shares of the company’s stock, valued at approximately $97,700,000. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Alan Kharsansky sold 87,091 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $8.35, for a total transaction of $727,209.85. Following the completion of the transaction, the chief technology officer directly owned 47,785 shares in the company, valued at $399,004.75. This represents a 64.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 38.84% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SATL. Geode Capital Management LLC lifted its stake in Satellogic by 1,671.4% in the 2nd quarter. Geode Capital Management LLC now owns 874,487 shares of the company’s stock valued at $3,166,000 after buying an additional 825,121 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in Satellogic in the 2nd quarter valued at about $118,000. Legal & General Group Plc acquired a new stake in Satellogic in the 2nd quarter valued at about $27,000. Rhumbline Advisers acquired a new stake in Satellogic in the 2nd quarter valued at about $351,000. Finally, New York State Common Retirement Fund acquired a new stake in Satellogic in the 2nd quarter valued at about $97,000. 17.58% of the stock is owned by hedge funds and other institutional investors.

About Satellogic

Satellogic Inc is a NewSpace company specializing in the design, manufacture and operation of a low‐Earth‐orbit (LEO) microsatellite constellation. The company’s satellites capture high‐resolution multispectral imagery, enabling detailed monitoring of agricultural, forestry, maritime, energy and infrastructure assets. Satellogic’s vertically integrated model covers end‐to‐end capabilities, from satellite development and deployment to data processing and analytics, allowing clients to access imagery and insights on demand.

Key offerings include geospatial data products, analytics services and software tools that leverage machine learning algorithms to interpret changes on Earth’s surface.